Archive for: financial crisis

. . . . Pause intro music down below. Unraveling the Freddie-Fannie Tangle . Piggybankblog posted on 01/02/13 Cross linked with propublica.org In the aftermath of the financial crisis, American taxpayers poured $187.5 billion into two huge but poorly understood companies: Freddie Mac and Fannie Mae. Now controlled by the government, the companies play an […]

. . . . Pause intro music down below. A dream SEC chief . Piggybankblog posted on 12/06/12 Cross linked with salon.com On Dec. 14, Mary Schapiro will step down from her role as the chairwoman of the Securities and Exchange Commission. Barack Obama will shortly appoint a new leader to take her place, a […]

. . . .. You can pause intro music below. JPMorgan Mortgage Suit Could Fit Bank of America: Street Whispers . Piggybankblog posted on 10/04/12 Cross linked with thestreet.com . NEW YORK (TheStreet)–Bank of America (BAC) shareholders may feel like they can start breathing easier now that, thanks to a lawsuit unveiled Tuesday by New […]

. . . . . You may pause the music down below. Countrywide: It’s baaack . Piggybankblog posted on 10/02/12 Cross linked with finance.fortune.cnn.com . FORTUNE –The Federal Reserve’s recent decision to buy mortgage bonds until the economy recovers has made home lending more attractive than it has been in years. The spread between what it […]

. . . . You can pause intro music down below Survived The Financial Crisis And All I Got Was This Lousy Civil Lawsuit . Piggybankblog posted on 10/02/12 Piggybankblog posted picture. Cross linked with huffingtonpost.com Thing One: A Little Late, A Little Short: I know revenge is a dish best served cold, but this […]

. . . . You can pause intro music down below. JPMorgan sued over $20bn deception . Piggybankblog posted on 10/01/12 Piggybankblog posted picture Cross liked with FT.COM The New York attorney-general sued JPMorgan Chase on Monday over the alleged deception of investors who lost more than $20bn on mortgage-backed securities created by Bear Stearns. […]

. . . . You can pause intro music down below Bank of America to Pay $2.43 Billion to Settle Suit Over Merrill Deal . Piggybankblog posted on 09/28/12 Cross linked story with nytimes.com Seeking to unload one of its heaviest burdens from the financial crisis, Bank of America announced on Friday that it would […]

. . . . You can pause intro music down below When Will the SEC Finally Go After the Auditors? . Piggybankblog posted on 09/27/12 Cross linked with bloomberg.com Something very unusual happened at the Securities and Exchange Commission this week: The SEC accused three former bank executives of committing fraud by deliberately understating their […]

. . . .. You can pause intro music down below. Money-Laundering Inquiry Is Said to Aim at U.S. Banks . Piggybankblog posted on 09/15/12 Cross linked with nytimes.com Federal and state authorities are investigating a handful of major American banks for failing to monitor cash transactions in and out of their branches, a lapse […]

. . . .. You can pause intro music down below. Before Scandal, Clash Over Control of Libor . Piggybankblog posted on 09/13/12 Piggybankblog posted picture Cross linked with wsj.com LONDON—Four years before a scandal erupted over banks’ attempts to manipulate an important interest rate, the head of a private association of giant banks […]